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<Research>Jefferies Foresees DeepSeek to Propel Software Stocks for Longer Rally; Top Pick KINGDEE INT'L
Recommend 26 Positive 37 Negative 17 |
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Jefferies released a research report indicating that the stock prices of Chinese software companies under its coverage snowballed by around 38% over 14 trading days since DeepSeek launched the R1 model on January 20, similar to the situation where related stocks accumulated a surge of around 21% over three months after OpenAI launched its GPT3.5 foundation model in December 2022. Considering that the current market valuation is relatively undemanding overall and market conditions are favorable enough to revitalize investor confidence, Jefferies estimates that the rally fueled by DeepSeek this time may last longer. Jefferies' preference order: KINGDEE INT'L (00268.HK) > Zhejiang Supcon Technology (688777.SH)/ Shanghai Baosight Software (600845.SH)/ ASIAINFO TECH (01675.HK)/ Hundsun Technologies (600570.SH). In its anticipation, DeepSeek's success may bring new opportunities for further growth in the Chinese software market. AAStocks Financial News |
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